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Archive for December, 2012

Auto Loan Going Down

December 12th, 2012 at 03:51 pm

12/12/2012: Today we made a principal only payment of $600 to the Auto Loan.

12/12/2012: After work I will cash a check for $58 we received from Allstate and apply that to the Auto Loan.

12/21/2012: Pay day and will send another $200.

12/24/2012: Normal payment due which will bring balance to approximately, $6,875!!

Recap:
12/21/2011: $14,300 (Total Amount Financed)
12/24/2012: $6,875 (Remaining)

Total Paid in 2012: $7,425.
Total Percent Paid: 52% (In 12 months!!)

Expected spend, but wasn't sure when...

December 4th, 2012 at 01:59 am

So this weekend I put the snow tire and rim set-up on my car and retired the summer tires and rim set-up for the winter. Back when I had the vehicle inspected in September it was mentioned that I was in need of brakes really soon. Well here it is December and when I made the switch, I had a look at my brakes, yup, extremely low in the front. So I logged on my favorite Honda site, (car enthusiast at heart beneath the frugalness), and ordered up some front and rear brake pads and rotors. The original Honda set finally wore out after 5 years, 3 months and 75K miles! I got some upgraded brakes for $269 for front and rear pads and rotors. The distributer is out of Connecticut and the parts should be here in NY tomorrow according to UPS tracking. I will be installing them some time this month with a friend. I called Honda and their billable book time for all 4 corners brake pads and rotors is 3 hours at probably around $95-$120 an hour. Excellent savings. I do a lot of my own repairs.

I may actually make my goal for 2012 for having auto loan at 50% paid off in 12 months AND $6,000 in th EF by floating my CC statements. Cheating?! Maybe, maybe not. Haha. I got the bill today and the statement balance was about $1,320 less than total charged. Obviously the various items overlapped the billing cycle. The next bill won't be due until end of Jan. 2013, allowing another month of savings etc.